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Congress Demand Details, Vote on Trump-Iran Deal

Key lawmakers, including Senate Majority Leader John Thune, remained in the dark on Tuesday on the specifics of the so-called memorandum of understanding, a 14-point document that should lead to a two-month ceasefire extension and the start of negotiations over Iran's nuclear program. Several said they expect to see the document in the coming days as the two countries prepare to sign the agreement in Geneva on Friday. Congresswoman Jennifer McClellan, Democrat representing Virginia's 4th District joined Balance of Power to discuss.

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Bloomberg

Moody's: Private Credit Faces 2028 Test

Marc Pinto, the Global Head of Private Credit at Moody's Ratings, joins Bloomberg Open Interest to explain why private credit is entering a pivotal phase. While AI infrastructure spending is creating huge lending opportunities, cracks are beginning to emerge in software-focused portfolios. Pinto warns that the real test comes in 2028, when a wave of refinancing could expose which borrowers survive and which don't.

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